Econman33

Great posts everybody. Glad to see most of us are still logical. If it goes up overnight or makes slow gains over a longer period we will all gain wealth. We will all be better off for what we have learned. I truly believe it will make one jump and Iraq will get a lot of their currency back. And then it will go up again. Shabibi is a very educated man and knows Iraq can gain a lot of value during this process. Iraq has had a fixed exchange rate over the years and if enough capital pours in like they are predicting in the near future, their economy will overheat and further RV's will be necessary. I'm in this for the long haul. I will say this, I give a lot of credit to those who have stuck it out over the last seven years. Happy Holidays Everyone.

Wow. Thanks for clearing that up. Happy Holidays

Just a thought. Maybe they are pulling in all in-country big bills so they don't get out of country.

I remembered someone asking how big Paris Club debt was: I was looking around CBI and found this page. Sorry if this is a repeat post. Government Debt Government Debt Total government debt is estimated to be $60.05 billion in 2010. This represents 72% of GDP and is comprised of the following components: External debt ($45.09 billion) Domestic t-bills ($5.55 billion) Bank debt ($9.41 billion) External Debt Following the ouster of the regime in spring 2003, Iraq’s external debt was estimated to be between $130-$140 billion. Reducing this debt to a sustainable level has been a priority since 2003 and debt relief negotiations have taken place in a variety of forums. This has led to the cancelation of a significant amount of Iraq’s external debt. Iraq’s external debt is comprised of four components: Paris Club bilateral debt ($42.5 billion) Non-Paris Club bilateral debt ($67.4 billion) Commercial debt ($20 billion) Multilateral debt ($0.5 billion) Debt relief negotiations first led to an 80% reduction of the Paris Club debt. The Paris Club agreement also set the terms for non-Paris Club and commercial debt cancelation levels. A provision of the Paris Club agreement is that Iraq cannot accept a debt cancellation agreement with other creditors on more favorable terms for Iraq than those reached with the Paris Club. Thus, Iraq is expected to receive no more than an 80% cancelation from all of its creditors. Negotiations with non-Paris Club creditors are ongoing (mainly with Gulf countries except the UAE), and resolution of the commercial debt is largely complete. External debt is estimated to be at $45.09 billion in 2010 (see government debt above). Government Bonds (part of external debt) Security Name IRAQ 5.8 01/15/28 Announce Date 04.01.2006 Issue Date 19.01.2006 Maturity 15.01.2028 ISIN Code XS0240295575 Redemption Value 100 Par Amount 1000 Amount Issued $2,700,000,000 Country Full Name Iraq Coupon (%) 5.8 Coupon Frequency 2 Currency USD The material above should not be considered an offer or solicitation to buy or sell securities. Copyright © 2010. Central Bank of Iraq. All rights reserved. Please read important disclaimer.

Please look up Fractional Banking. You can find it here or on the Internet. With Oil at $90.00 a barrel, and based on a 10,000 Dinar exchange at 1:1 with the dollar. I will save you some time. That $10,000 dollar exchange will cost Iraq about 12 barrels of oil. They pay a minimal amount to extract a barrel of oil (a couple of bucks) and the oil itself is owned by them. Besides your million dollars is in electronic form, they are not handing you physical dollars for the exchange.

Of all the different people we have on here, don't we have a banker or someone who truly has a banking insider they can trust? Just a thought. I hope your rumor rings true for the New Year. Thanks for the Post.

I placed 3 orders with them. It took more than a week to receive the first order and then they did not ship my 3rd order out. I had to email my order numbers for them to figure it out. Still waiting on last order. They have always returned my emails so no complaints there.

I just wanted to throw this in here. It was mentioned earlier in this post that people made fortunes on penny stock. I sat by and watched my now millionaire brother play with penny stocks. Now he golfs and goes fishing most days. He sips drinks from his 5th floor FL balcony. I heard about this investment through a coworker and it sounded to good to be true. I researched it a little. I have a degree in Economics and International Finance, so it all made perfect sense. I'm just glad I was in a financial position to take advantage of this opportunity. Oh and by the way, I asked my brother what he though about after I was mildly invested. He said are you kidding, "I have 2 million" and his golf buddy who is also wealthy has 10 mil. Go RV

I will say 8 by year end if they get the Gov't in place by this weekend. If not, It will happen very early next year. With sanctions now lifted, they need a viable currency to play in the world markets. It is a simple problem with very complex players involved.

Great Info. The future of Iraq depends on their ability to deliver oil to the world markets. The WB appears to be stressing the fact that their help in financing the distribution channels is dependent on Iraq stabilizing their government. WB is a great source to have on our side pushing Iraq.